The government instructed the export of iron in the shortest term and informed that the Mutun would cover only 40% of the internal demand, 200 thousand tons per year. The steel plant will be inaugurated in mid-2023 and will cost $546 million, of which the China Eximbank will disburse 85%, and 15% will come from the State General Treasury (TGE) and the Productive Development Bank (BDP). It will process 800,000 tons of iron ore per year.
Argentina's demand for Bolivian natural gas grew gradually from January until this winter, and Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) increased delivery from 11 to 14 million cubic meters per dayMMm3/d. Source: Los Tiempos
The pandemic only accentuated the crisis that the construction sector has been experiencing for the last five years at the national level. The loss of some 160,000 jobs shows that this activity is one of the hardest hit by Covid-19 in Bolivia.
The Bolivian Chamber of Forestry (CFB) reveals that the export value of wood products grew by 55.6% in the first four months of this year, compared to the same period in 2020. Up to April last year, the sector exported $16.4 million, while in the first four months of this year, the turnover was $25.5 … Continue reading Despite pandemic and smuggling, forestry exports grow by more than 55%
According to studies conducted by the Chamber of Industry, Commerce, Services and Tourism of Santa Cruz (Cainco), smuggling generates an economic loss that fluctuates between $1 billion and $1.8 billion. There is an impact in domestic production of 5% and 10% per year of the Gross Domestic Product (GDP), which harms the fiscal coffers of approximately $350 to $400 million per year.
Together with Daiwa Securities Group, CAF (development bank of Latin America) made its first thematic placement of bonds aimed explicitly at financing nutrition programs. The securities, totalling 20 billion yen (approximately $183 million), have a term of 7 years.
The First Chamber of the Agro-environmental Court annulled the sentence against Petrobras Bolivia, which ordered Petrobras Bolivia and its partners to pay $61.1 million to a family for the land where the San Alberto camp located. Source: El Deber
YPFB Transporte S.A., through its subsidiary YPFB Transporte do Brasil, increased its shareholding in Transportadora Brasileira Gasoducto Bolivia-Brasil S.A. (TBG) from 12% to 19.88% with an investment of $37.2 million.
More than 3,000 doctors and nurses of the public health system have not received their payments for the last five months. However, the Government assured that the Health Infrastructure and Medical Equipment Agency (Aisem) would pay the salaries in the following days.
The distribution company Servicios Eléctricos de Tarija (Setar), which depends on the Government of Tarija, has more employees than other companies in the country and an economic loss of Bs 90 million ($12.9 mn) accumulated in recent years.